Monthly Archives: October 2024
Clarifying Subchapter V Eligibility
If your business has been considering a Subchapter V bankruptcy filing, you may be aware that one of the eligibility requirements changed in summer 2024 with the sunsetting of a provision in federal law. With much news surrounding the revised eligibility factor, and significant news about a stark rise in Subchapter V bankruptcy cases… Read More »
Does the Automatic Stay Always Apply in Bankruptcy Cases?
As soon as you file for bankruptcy protection — as an individual or a business — you will receive immediate help from an injunction known as the “automatic stay,” set forth in Section 362 of the US Bankruptcy Code. In every bankruptcy case, whether it is a liquidation or reorganization bankruptcy, and whether the… Read More »
What is the Good Faith Requirement in Chapter 13 Bankruptcy?
Are you currently considering a Chapter 13 bankruptcy filing? If so, you might have come across information concerning “good faith.” While there are frequently discussions about how a debtor may be deemed to be acting in bad faith in certain types of bankruptcy actions or omissions, the terminology of “good faith” is written into… Read More »
Medical Debt and Bankruptcy Risks Among Older Floridians
Medical debt can affect Floridians of any age, but older adults who live in the state tend to have significantly more medical debt than younger residents. Indeed, according to a report from Alignment Health, seniors in Florida have the highest rate of medical debt in America. That report reveals that about 1 out of… Read More »
